Search found 5 matches

by addicoe
Wed Aug 14, 2019 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1019
Views: 115133

Re: Fidelity as a one stop shop

Well it looks like it was my mistake on the CMA not overdrafting. It looks like I enabled overdraft, but forgot to enable the cash manager. I bet it will work for me now. Now I have a few more questions. Is there a way to limit the overdraft to a certain amount? So say no more than $3000? That would...
by addicoe
Sat Aug 10, 2019 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1019
Views: 115133

Re: Fidelity as a one stop shop

So I ran into a snag today (Saturday). I went to a bank of america ATM to withdraw some cash from my CMA (which has overdraft turned on and $0 in it), but the transaction was declined due to insufficient funds. So it did not automatically overdraft any cash into the CMA from the investment account. ...
by addicoe
Wed Jul 31, 2019 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1019
Views: 115133

Re: Fidelity as a one stop shop

I talked with a rep today and they told me that > 100k would qualify me for premium client status so I would get free ATM withdrawals from the investment/brokerage account. If that is the case I'm not sure of the point to the CMA. Is there a benefit to having both in this case?
by addicoe
Tue Jul 30, 2019 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1019
Views: 115133

Re: Fidelity as a one stop shop

Can someone please correct me if I'm wrong? I've read through most of the comments on this topic and my understanding is that the only reason I would want to keep my money in the investment account instead of the CMA is because I can then put limits on withdrawals from the CMA to protect against fra...
by addicoe
Sun Jul 28, 2019 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1019
Views: 115133

Re: Fidelity as a one stop shop

So a quick question. From all my research it seems that Fidelity is the only option for auto-sweep between CMA and MMA in a brokerage (via overdraft) that also has a debit card with free worldwide ATM withdrawals. Is that correct? Are there alternatives? I have BofA and Merrill Edge (for checking an...